Tagged "NFP"
THE SHORT-TERM:
The pullback today confirmed the Head and Shoulders Top case I mentioned yesterday. The target could be between SPY $138.26 to $137.26. [Read the Rest]
...THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN.
A little little bearish biased toward tomorrow because it’s the monthly Non Farm Payroll day which WAS not so bull friendly recently. [Read the Rest]
...The essence of the evil plan as shown below hasn’t changed lately, so the rally today still cannot exclude the possibility that this is the 2nd test of the previous high (before the real pullback), so we still have to wait for tomorrow, especially tomorrow is the Non Farm Payroll report day which more often than not was a turning point. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Still nothing new to say today. The plan still is to see which line gets decisively broken first. [Read the Rest]
...THE SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, could be a bull flag in the forming on SPY 15 min or 60 min chart, so not bad for bulls. [Read the Rest]
...SHORT-TERM: NOT SO BULL FRIENDLY TILL THE END OF JANUARY
Two conclusions:
- A top of some kind could be around. It’s not easy to call exactly top, so be prepared for a several days huge rally first, don’t get your claws burnt on this final blow out.
THE SHORT-TERM MODEL BELIEVES THE TREND IS UP HOLDING LONG POSITION OVER THE WEEKEND
The bottom line, you now know what reversal of reversal of reversal means and what a red Non Farm Payroll day means, don’t you? [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Let’s follow up the yesterday’s evil plan first. Dropped below yesterday’s low, true, but too short lived, the market reversed up sharply so this tiny lower low cannot prove the top was in yet, need see tomorrow (well, I know, again), so far still looks like a 3 Push Up is more likely. [Read the Rest]
...THE SHORT-TERM MODEL BELIEVES THE TREND IS UP HOLDING NO POSITION OVER THE WEEKEND
Unbelievable, another red Non Farm Payroll day which according to the chart below could mean a top of some kind is around. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Three cents:
- Could be a Symmetrical Triangle in the forming today, so the bias is up for tomorrow.
THE SHORT-TERM MODEL BELIEVES THE TREND IS UP HOLDING NO POSITION OVERNIGHT
Key day tomorrow as now you all know a red Non Farm Payroll day most likely means a reversal which in our current case means a top. [Read the Rest]
...SHORT-TERM: A LITTLE BEARISH BIASED
Nothing new today.
- The bigger picture, I believe there’re some chances this is the last push up to test the Oct 27 highs before an intermediate-term reversal.
SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVER THE WEEKEND
The bottom line, a red Non Farm Payroll more likely means a reversal which in our today’s case would be a top. [Read the Rest]
...SHORT-TERM: THE LOW WAS IN; WHATEVER UP TOMORROW MAY BE ERASED THE NEXT MONDAY
Four cents:
- The low was in. A little bit late to say this but in the pre-market session this morning, I already commented in today’s intraday comments.
